Daily Archives: March 24, 2016

Medication prices reduction is evident tendency in the Georgian pharmaceutical market. Major pharmacy networks are lowering prices. The Panaskerteli Index also proves the medication prices diminution has become of irreversible character. Lika Chumburidze, operationы director of Inova healthcare, comments on the current market prices and the reasons for their change. …

Bank Republic announced about the following change on foreign currency deposits. The bank reduced interest rate on foreign currency deposits. Yield of 1-year deposit in USD has been determined by 3,7% instead of 4%, EUR – has declined from 3% to 2,3%. 11% is sustained on the deposits in GEL. …

The Dieline – one of world’s leading websites on package design – has featured Georgian wine label design Ranina on first place in last week’s Top-10 line-up. Ranina is a wine brand of Dugladze Wines & Spirits, developed in cooperation with Branding.ge, a Georgian brand consulting company. Branding.ge worked out name of …

TBC Bank announces about the attractive terms of new product, mobile terminal. According to the bank, commission fee amounts to 1.7% on transaction made by mobile terminals, while the fee is 1.9% – by the standard terminal. In addition, the bank notes, that the device which should connect to Android or …

The MP has sign out professional education from the plan of 4-paragraph government reform. According to Kvirikashvili, creation of professional education system oriented on the labor market is a primary task. He recalled the international researches, which indicates to the hampering factor of economic development and unqualified working forces. “The …

Hotel Pullman will be placed in Axis Towers. JSC “Axis Towers” has already signed an agreement with famous hotel chain Pullman Hotels & Resorts. According to the company, 5-star hotel will be opened in 2018. The hotel will include 234 rooms, which will host business tourists. The hotel should employee over …

Dimitri Kumsishvili, minister of Economy announced that 30-35 million GEL will be allocated to the budget for funding start-ups. According to the minister, with the initiative of the Ministry of Educaion and Science of Georgia plans partnership with private and public professional institutions, where people become masters in several fields, that …

The United States will increase participation in joint military drills with Georgia this year, visiting U.S. European Commander Philip Breedlove said here on Wednesday. “This May the Noble Partner 2016 military exercise will bring Georgian, U.S., and UK soldiers together for three weeks to test our respective NATO Response Force …

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the implementation of the project for developing the country’s Shah Deniz gas and condensate field from 2007 to March 1, 2016, totaled $2.457 billion. SOFAZ received $18 million from Shah Deniz project in January-February 2016 and $14 million of …

Azerbaijan’s Southern Gas Corridor company has sold $1 billion in a 10-year Eurobond, the finance ministry said on Thursday. “Demand for the Azerbaijan’s Southern Gas Corridor bond was secured in a great part by investors from the United States and Great Britain,” the ministry said in a statement. The Eurobond …

Azerbaijan’s Southern Gas Corridor Company printed its $1bn 10year bond on Thursday 80bp back of the sovereign curve, benefiting from an explicit state guarantee, Global Capital agency reported. Initial price thoughts for the 10 year bond were released at 7% yield area on Thursday morning, but leads UniCredit, Citi and …

The National Agency of Public Registry (NAPR) offers simplified services to foreign citizens. Namely, the bodies engaged in production and distribution of various goods or labor migration activities will be able to fill out an obligatory questionnaire in the English language. The NAPR has already integrated the Georgian-English questionnaire in …